Welcome

Welcome

As Morgan Stanley Private Wealth Advisors, we combine our own talents and experience with the vast resources of a global financial services firm to address the planning, governance, liability management and investing needs of ultra high net worth families, their businesses and philanthropic enterprises. We take a holistic approach that is grounded in investment strategy, but covers virtually every aspect of your financial life: risk management, liabilities, trusts and estate structures and even family dynamics and lifestyle management issues. Our goal is to help preserve and grow your financial, family and social capital so that it can have the greatest positive impact today and for generations to come.

We look forward to learning more about you and your family, and discussing the resources we can place at your disposal.

Capabilities

About PWM

About PWM

Founded in 1977, Private Wealth Management is the division of Morgan Stanley Wealth Management that is dedicated to serving the firm’s most affluent clients, including some of the world’s most accomplished entrepreneurs, executives and stewards of multigenerational wealth. Functioning as an exclusive investment boutique within a global financial firm, we deliver sophisticated solutions that leverage the intellectual capital and insight of Morgan Stanley’s substantial global resources. Drawing on a deep understanding of your financial life, our goal is to help you:

Manage investments with an unwavering focus on your financial strategy and personal goals

Create comprehensive, multigenerational wealth management plans based on your needs, challenges and the values that guide your life and legacy

Simplify financial complexity to help you achieve clarity and control

Private Wealth Management Highlights

Approximately 250 teams1 specialized in assisting individuals and families with $20MM+ in investable assets

Over $300 billion in AUM2

Comprising over 20% of the Barron’s Top 100 Financial Advisors list for 20163

Direct access to ultra high net worth experts in philanthropy, family dynamics, wealth transfer, lifestyle advisory and other areas of interest to ultra high net worth families

Approach

Approach

Discovery Process Investing the time to learn about you and your family; your assets and liabilities and the risk exposures, enables us to formulate strategies and customize the relationship to your needs. Formulation of Tax, Trust and Estate StrategyWorking with your tax and legal advisors, we help analyze your income and estate tax circumstances to identify and tailor planning techniques that may be used to address your objectives.

Integration of Tactical Asset AllocationShort-term adjustments seek to capitalize on temporary market distortions. Before making adjustments, we analyze the impact of taxes and trading costs on potential returns.

Implementation of a Customized Wealth StrategyAfter comprehensive due diligence and analysis of expected results across multiple market scenarios, strategies are chosen from our expansive investment platform.

Ongoing AssessmentIn coordination with your other advisors, we can conduct ongoing reviews and comprehensive reporting to ensure that your strategy adapts to changing financial and family needs.

Location

Location

Awards

Awards

Meet the Professionals

Richard Connolly

Managing Director, Wealth Management, Private Wealth Advisor

About Me

Dick Connolly is an accomplished Private Wealth Advisor who has managed investment portfolios for over four decades. He has built his business by providing sound investment advice to high net worth families, foundations, nonprofit organizations and other financial institutions. Dick’s reputation as an investment manager in Boston has been earned through many years of hard work and dedication to his clients. He is firmly committed to fostering long-term relationships and strives to deliver exceptional client service. Dick began working as a financial advisor in 1969 at Paine Weber, where he spent the majority of his career. He is proud to have been featured in Robert Shook’s book, The Winners Circle (1992) and The Winners Circle II (1994), where he was recognized as one of the financial services industry’s Top 10 Financial Advisors. He joined Morgan Stanley in 2007 and in 2008 was recognized by the Boston Business Journal as the #2 Financial Advisor in the state of Massachusetts. In 2010, Dick was appointed Managing Director at Morgan Stanley and continues to be recognized nationally in financial publications as a Top Financial Advisor. Most recently, Dick was included in Barron’s 2017 list of America’s “Top 100 Financial Advisors”.

Dick Connolly’s involvement in educational and philanthropic institutions is as varied as it is vast. Some of his charity work includes the Boston Symphony Orchestra, The Alzheimer’s Association, New England Province of Jesuits, Francis Ouimet Scholarship Fund, Fenn School, College of the Holy Cross and Children’s Medical Research Foundation benefiting Our Lady’s Hospital in Dublin, Ireland. Additionally, he is a generous supporter of Boston’s Camp Harborview, Inner City Catholic School Initiative, Catholic Charities, and Mass Affordable Housing Association (MAHA). Dick is the Chairman of Children’s Medical Research Foundation (CMRF) annual golf tournament which he has successfully chaired for the last 30 consecutive years. In recognition of his philanthropic efforts, the CMRF recently dedicated a wing of the hospital, The Richard F Connolly Microscopy Centre. Dick was honored to have this part of the hospital in his name knowing what an integral role research plays in finding cures for sick children. Another charity close to Dick’s heart is the Francis Ouimet Scholarship Fund where he is both a scholarship alumnus, Director, Trustee and former President who has proudly served the Ouimet Fund for over 35 years. He has been a driving force in starting and sponsoring the Francis Ouimet Award for Lifelong Contributions to Golf Annual Banquet and he created an endowed Ouimet Scholarship in his family’s name, among countless other things.

Dick is a graduate of The College of Holy Cross and earned his MBA from Babson College. He is a member of Morgan Stanley’s Chairman’s Club. Dick has been married to his wife, Ann Marie, for 35 years. They have three sons and live in Concord, Massachusetts.

Steven Principe, CFP

Executive Director, Private Wealth Advisor

About Me

Steve Principe has over 18 years of experience managing investment portfolios for corporate executives, medical professionals, charitable organizations, pension plans and high net worth families. Steve joined Morgan Stanley as a financial advisor in 2001 and is an Executive Director within Private Wealth Management (PWM), a boutique division providing highly customized strategies to ultra-high new worth families.

Steve is a partner in The Connolly Principe Group, a seven-member advisory team that advises on over $2 billion (as of date) in client assets. Steve is responsible for directing the asset allocation policy and investment solutions in client portfolios. In addition, he assists clients in managing both employer-sponsored retirement savings plans and individual investment portfolios, helping to ensure proper diversification across portfolios. His highly personalized investment strategies are developed through comprehensive financial planning and collaboration with his clients’ professional advisors. Steve believes that a successful long-term client relationship is built on the foundation of financial planning and he has been a holder of the CERTIFIED FINANCIAL PLANNER™ (CFP®) designation since 2005.

Steve was proud to be recognized in Registered Rep Magazine's “Top 40 Wirehouse Advisors Under 40” list in 2013 and 2014 Additionally, Steve was recognized in the Financial Times “Top 400 Financial Advisors” in 2014.

Steve currently serves on the board of trustees for both The Catholic School Foundation and Horizons for Homeless Children in Boston. Steve founded the Horizons for Homeless Children Golf Tournament in 2013 and continues to serve as their annual Chairman. He also supports Dana Farber Cancer Institute and the Jimmy Fund Clinic through participation in the Pan Mass Challenge. Steve's interests include traveling with his family, golf, fishing and skiing. He is a proud graduate of the University of New Hampshire with a degree in Economics and is a member of Morgan Stanley’s President’s Club.

Steve and his wife, Adrienne, have been married for 13 years. They live in Concord, Massachusetts, with their four children.

Ryan Connolly

Vice President, Private Wealth Advisor

About Me

Ryan began working at Morgan Stanley in 2007 and joined the Connolly Principe Group as a partner in 2012. Prior to joining the team, Ryan spent four years on the Capital Markets desks in New York and San Francisco where he specialized in interest rate, credit and structured investments. In the fixed income sales role, Ryan worked closely with top financial advisors to help construct fixed income portfolios for high net worth individuals. Ryan’s experience working with the Capital Markets Group, not only provided him with market knowledge and the ability to show value across different asset classes but more importantly, allowed Ryan to develop relationships, with both the firm’s sales and trading desks and the firm’s top thought leaders that the team leverages on a daily basis.

Ryan graduated cum laude from Colby College with a B.A. in government. At Colby, he was captain and a four-year starter on the men’s lacrosse team. Ryan was the recipient of the Ewell, Steinberg, Goodhope Award, which is given to the player who epitomizes Colby Lacrosse with attitude, character, playing ability, and sportsmanship

Ryan is a board member of the Francis Ouimet Society and serves on the Advancement Committee for the Inner City Scholarship Fund and previously was Chairman of their Young Leaders Group.

Ryan lives in Boston’s South End with his wife, Kerryn, and black lab, Jack.

Sheila Feeney

Portfolio Associate

About Me

Sheila Feeney has enjoyed a successful career filled with a variety of administrative, research and investment advisory positions. Sheila has a tremendous working knowledge of both the fixed income and equity markets, gained as an active trader of corporate, government and municipal bonds for 27 years. Throughout her career, she has strengthened client relationships by delivering high degree of service and market knowledge. Sheila is an invaluable asset to the team and she consistently elicits the praise of the team’s most valued relationships.

A graduate of Curry College in Milton, Mass, Sheila maintains her Series 7 and Series 63 securities licenses. She lives in Norfolk, Massachusetts, with her husband, John.

Joanne Ludwig

Senior Client Service Associate

About Me

JoAnne Ludwig has enjoyed a successful career in the financial services industry, excelling in both operational and administrative positions. She has been a member of the Connolly Principe team for the past 31 years, providing invaluable support to both clients and advisors. JoAnne is extremely client-focused, friendly and proficient. Joanne sits on Morgan Stanley’s Client Service Advisory Board. Additionally, she is a supporter and volunteer for Cradles to Crayons.

A graduate of Regis College, JoAnne has two sons and two grandchildren. She resides in Middleton, Massachusetts, with her husband, Scott, of 34 years.

Katie Hay, CFP

Portfolio Associate

About Me

Katie has over 18 years of experience at Morgan Stanley, including the past six with the Connolly Principe Group. Prior to joining the group, Katie excelled in a variety of managerial, administrative and operational positions within Morgan Stanley. In 2015, Katie received her CFP® certification and focuses on providing clients professional financial and estate planning strategies. Her tremendous work ethic and client-centric focus has made her an invaluable asset to the team.

Katie earned her Bachelor of Science degree from the University of Delaware and holds her FINRA Series 7, 63, 9 and 10 licenses. She lives in Hingham, Massachusetts with her husband, Jonathan, and their four children.

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S&P 500
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Market Information Delayed 20 Minutes

The securities/instruments, investments and investment strategies discussed on this website may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website may not necessarily reflect those of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). This website and its associated content are intended for U.S. residents only.

Morgan Stanley and its Private Wealth Advisors do not provide tax or legal advice. Visitors to this website should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

Morgan Stanley Private Wealth Advisers may only transact business in states where they are registered or excluded or exempted from registration. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Morgan Stanley Private Wealth Advisers are not registered or excluded or exempt from registration.

See the Financial Advisors Biographies for Registration and Licensing information.

Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.